After the waterfall, volatility remains! Bitcoin's recent market saw a deep retracement last night, starting from around 77,800 with a large bearish drop, reaching a low of about 74,800, resulting in a movement of over 3,000 points. Ethereum also moved in sync, with nearly 130 points of fluctuation. Such a wide range is extremely significant; daily fluctuations of 3-5% are truly exaggerated. We must view the market rationally, manage our risk controls well, and recognize that there is no clear trend direction in the short term. Look for resistance at the highs and support at the lows—that is the fundamental nature of such a large market. Today, let's focus on the bulls' counterattack. The morning market had limited volatility, so we arranged for our live trading students to position for short-term long positions. Both Bitcoin and Ethereum have made good progress in gains. The swing trading students in the live session are still holding profits!

From the overall structure of Bitcoin's current chart, this round of deep retracement is more inclined toward a trap to shake out traders, with the following analysis from three dimensions: trend pattern, key technical signals, and short-term market rhythm. The short-term bearish momentum shows a clear pulse-like fleeting characteristic. Previously, the bears only maintained 2-3 days of concentrated selling, without forming an effective downward trend continuation. During the midnight session, the decline was quickly recovered, with a rapid rebound to regain lost ground, directly negating the validity of this short-term retracement. It also confirms that the low-level shorting funds lack sustained momentum support, fitting the typical structure of a trap followed by a recovery rebound. The daily chart has already shown clear signals of short-term support stabilization. During the price decline, the daily candles closed with bullish signals and precisely retested the key moving average midline support; this level is not only an important technical support in the current chart but also the core starting point of the previous bullish rally. Under the resonance of these two key supports, the price failed to break down effectively, further confirming that the short-term downward correction channel has been temporarily closed. The subsequent market is likely to maintain a range-bound oscillation with an upward bias, waiting for an effective breakout of the range before further confirming the new trend direction.

Thursday afternoon Bitcoin: go long around 75,500, target 77,500

Thursday afternoon Ethereum: go long around 2,240, target 2,350